Gift by karta to his own huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2018
I WISH TO GIFT MY OWN HUF X AMOUNT .... CAN I DO SO WITHOUT ANY TAX PAYMENT
Expert : Anonymous
Expert :
Anonymous
(Expert)
04 April 2018
Yes as gift to HUF is exempted.
13 May 2018
Although gift is exempted, but clubbing provisions will apply. Income earned by the HUF from the gift will be taxable in your hands and not in the hands of the HUF.
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